Required information [The following information applies to the questions displayed below] Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 320 per unit 105,000 units 108,750 units 3,750 units Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units x $135) Fixed (3,750 units x $70) 506,250 262,500 768,750 Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead 44 per unit 62 per unit $ S $3,200,000 $7,600,000 Selling and administrative costs this year Variable Fixed $1,400,000 4,400,000 Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY Variable Costing Income Statement 1. Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY Variable Costing Income Statement Beginning inventory Manufacturing costs this year 0